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Home Construction Loans

Build the home of your dreams with the loan of your choice.

Why is an HFFC home construction loan the best option for you?

Quick approvals

If the construction of your home has come to a halt due to shortage of funds, we will help you complete it.

Flexible loans for different purposes

Addition of a new floor or renovation of an existing room - we have you covered.

Apply for Home Construction Loans

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* I declare that the information I have provided is accurate to the best of my knowledge. I hereby authorize HFFC and their affiliates to call and/or send texts via SMS to me for promoting their products.

Interest Rates

Occupation Type

Floating

One-time Processing Fee

Minimum

Maximum

Salaried

13.90%

15.90%

Rs 11,990 to Rs 23,990 + GST*

Self-Employed

14.90%

16.90%

Rs 13,990 to Rs 24,990 + GST*

Additional fees such as stamp duty, e-filing charges, CERSAI filing charges, and other statutory dues applicable on the Memorandum of Equitable Mortgage may vary depending on the location, and will be charged in addition to processing fees. If you opt for a fixed rate of interest, please add 2% to the rates mentioned above.

*GST @ 18.00%

Eligibility

Loans are available to all individuals, regardless of their income. Find your eligibility with our handy calculator.

FAQ’s

A home construction loan is an HFFC flagship product, designed to help you construct your own home.
If you have a plot of land and want to build a house to your own specifications, this product is ideal for you. Choose this type of loan if you want to renovate or remodel your home in any way.

Your eligibility depends on various factors such as your current family income, credit history & existing financial obligations (if any). Use our home loan eligibility calculator to know your eligibility. Or leave your contact details on the website & we will show you a way forward.

Depending on the EMI amount that you can afford every month, a tenure is fixed for you by our relationship managers. To get an idea of what your loan with HFFC could look like, you can use our handy EMI calculator.

At the time of your loan approval, you are required to fill out an ACH form, to allow the EMIs to be directly deducted from your bank account at a fixed time every month. All you need to do is ensure that your account has sufficient balance, and we will take care of the rest.

Your EMI is calculated based on the rate of interest charged to you at the time of application. We have two types of rates: fixed and floating, and this factors into the EMI amount you have to pay each month. To get an idea of what your EMI may look like, use our handy online calculator.

Monthly EMIs are your only obligation and it’s the foundation of your loan repayment. However, we encourage our customers to prepay their loans faster so that they can reduce their principal borrowed amount and save on interest in the long-term. Calculate how much you can save with our special Auto Prepay scheme.

There are various tax benefits available to customers with home constructions loans, under the Income Tax Act Sections 24 and 80C. According to the IT Act, the process of construction is divided into phases, and different rules are applicable in each phase. Please consult with a chartered accountant or a tax specialist for more details.

We do consult credit scores, but each of our customer applications are handled individually and personally. So long as we can be assured that you will be able to pay the EMIs regularly, we encourage you to apply for a home loan with us. The advantage of dealing with HFFC is that we consider each applicant personally, and not the basis of numbers alone.

I am here today, in my own home, only because of HFFC. It is a dream come true for me.